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Capitalism has improved the lives of billions of people - something that's easy to forget at a time of great economic uncertainty. But it has left out billions more. They have great needs, but they can't express those needs in ways that matter to markets. So they are stuck in poverty, suffer from preventable diseases and never have a chance to make the most of their lives. Governments and nonprofit groups have an irreplaceable role in helping them, but it will take too long if they try to do it alone. It is mainly corporations that have the skills...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...Creating New Incentives Even so, no matter how hard businesses look or how creatively they think, there are some problems in the world that aren't amenable to solution by existing market incentives. Malaria is a great example: the people who most need new drugs or a vaccine are the least able to pay, so the drugs and vaccines never get made. In these cases, governments and nonprofits can create the incentives. This is the second way in which creative capitalism can take wing. Incentives can be as straightforward as giving public praise to the companies that are doing work...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...answers to those questions, says Eggan, may come in a matter of "months, not years." It's still unclear whether the new iPS nerve cells can live up to the gold standard of cells created from human embryonic stem cells, but Eggan, Henderson and their colleagues are confident that their current achievement brings stem-cell science one step closer to the original and ultimate goal: cures for diseases such as ALS, Alzheimer's and diabetes...

Author: /time Magazine | Title: Scientists Reach Stem Cell Milestone | 7/31/2008 | See Source »

...budget. The answer lies in getting enough funding to help all of those who are, particularly in this brutal economic cycle, facing the prospect of having a job and a family but no home. Enough money to meet the challenge: that would be truly good news, no matter how you define...

Author: /time Magazine | Title: Defining 'Homelessness Down' | 7/30/2008 | See Source »

...banned for anti-secularist activities. The main item of evidence he used to back the claim was a government move earlier this year to lift the ban on female students wearing headscarves at universities. The headscarf issue is almost irrationally divisive - for the pious, it's a matter of religious freedom; for the secularists, it symbolizes a political movement they insist threatens their lifestyle. The government's approach to the issue - introducing the change overnight, with no public debate - was widely criticized, and it spurred the prosecutor into action. Erdogan recently conceded mistakes may have been made...

Author: /time Magazine | Title: Turkey Showdown Averted, For Now | 7/30/2008 | See Source »

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